Weyerhaeuser Stock Price, News & Analysis

Weyerhaeuser Company (NYSE: WY) has appointed David M. Wold as the new senior vice president and chief financial officer, effective immediately. Wold, who has been with the company since 2013 and served as vice president and chief accounting officer since May 2019, replaces Nancy Loewe. CEO Devin W. Stockfish praised Wold's leadership and experience. Wold expressed enthusiasm about the company's potential to leverage favorable market demand to enhance shareholder returns.

Weyerhaeuser Company (NYSE: WY) declared a quarterly cash dividend of $0.18 per share on May 12, 2022, payable on June 17, 2022, to shareholders on record by June 3, 2022. This dividend supports the company's 'base plus variable supplemental' framework, aiming for a total return of 75-80% of annual Adjusted Funds Available for Distribution (Adjusted FAD). Weyerhaeuser reported $10.2 billion in net sales for 2021 and manages around 11 million acres of timberlands sustainably.

Weyerhaeuser Company (NYSE: WY) reported strong financial performance for Q1 2022, achieving net earnings of $771 million or $1.03 per diluted share, up from $681 million or $0.91 in Q1 2021. The company generated record Adjusted EBITDA of $1.5 billion, significantly surpassing prior quarters. Additionally, Weyerhaeuser returned over $1.3 billion to shareholders and signed its first carbon capture agreement. Despite operational challenges, the company is optimistic about future demand fundamentals and increased its base dividend by 5.9%.

Weyerhaeuser Company (NYSE: WY) has announced an agreement to acquire 80,800 acres of timberlands in North and South Carolina from Campbell Global for approximately $265 million. This acquisition is strategically positioned to enhance Weyerhaeuser's existing operations and is expected to deliver a robust average Adjusted EBITDA of around $160 per acre annually over the next decade. The timberlands boast strong productivity with an average harvest of 6.5 tons per acre. Upon completion, Weyerhaeuser will manage over 900,000 acres in the Carolinas, further bolstering its market presence.

Weyerhaeuser Company (NYSE: WY) is set to announce its first quarter 2022 financial results on April 29, 2022, prior to market opening. A live webcast and conference call will occur at 7 a.m. PT (10 a.m. ET) the same day to discuss these results. Weyerhaeuser, a major player in timberland management and wood product manufacturing, generated $10.2 billion in net sales in 2021 and manages over 11 million acres of timberlands, primarily in the U.S.

Weyerhaeuser Company (WY) announced cash tender offers to purchase up to $1.2 billion in aggregate purchase price of its notes. This includes a waterfall methodology for acceptance priority among various debentures with specified terms. As of March 9, 2022, Weyerhaeuser plans to accept notes from the 8.500% Debentures due 2025, 7.950% Debentures due 2025, and others, while certain debentures will not be accepted. The offers expire on March 22, 2022, and early settlement is on March 10, 2022, reflecting a proactive financial management strategy.

Weyerhaeuser Company (NYSE: WY) announced early results of its cash tender offers for certain notes, increasing the purchase cap from $1.0 billion to $1.2 billion. The Offers are part of a strategy to manage its debt, allowing for purchases of validly tendered notes. As of March 8, 2022, several note series were tendered, reaching substantial amounts. Weyerhaeuser is set to determine the total consideration on March 9, 2022, with all terms remaining unchanged except the amended purchase cap. The company retains the right to modify offer conditions.

Weyerhaeuser Company (NYSE: WY) announced cash tender offers for validly tendered notes, totaling up to $1.0 billion.

The Offers, detailed in the Offer to Purchase dated February 23, 2022, will accept notes based on defined acceptance priority levels, with an early tender premium of $50 per $1,000 principal amount for eligible tenders. The expiration date is set for March 22, 2022, with an early settlement date anticipated on March 10, 2022.

Devin Stockfish, CEO of Weyerhaeuser Company (NYSE: WY), will speak at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 10:25 a.m. Eastern in Orlando, Florida. The event underscores the company's commitment to engaging with institutional investors. Weyerhaeuser is a significant player in the timberland and wood products sector, managing approximately 11 million acres of timberlands and achieving $10.2 billion in net sales in 2021. Interested parties can access the webcast and presentation materials via the company's investor website.